How to choose a financial advisor

Each week the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's what to know before you ask an expert for help with your finances. Hosted by Frances Cook. <br /><br />It's something we'll often say on this show – we talk about the general rules of how money works, but after that you have to apply it to you own individual situation. <br /><br />If things are complicated enough, you might want to look for a financial advisor to help you. <br /><br />But if the letters coming into my inbox are anything to go by, people are quite worried about how they pick the right person to advise them. <br /><br />Fair enough too. Bringing in a professional to help with something so important has a weird power dynamic – you have to trust that they're handling your money in the way that's truly in your best interests. <br /><br />The Financial Markets Authority has now overhauled the rules in this area, aiming to give you more protection in this exact situation. <br /><br />So what's changed, and how do you now find the right person to help you make good money moves? <br /><br />In the latest podcast I talked to Gillian Boyes from the Financial Markets Authority. <br /><br />If you have a question about this podcast, or question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here <a href="https://www.facebook.com/FrancesCookJournalist/" rel="noopener">https://www.facebook.com/FrancesCookJournalist/</a> Instagram here <a href="https://www.instagram.com/francescooknz/" rel="noopener">https://www.instagram.com/francescooknz/</a> and Twitter here <a href="https://twitter.com/FrancesCook" rel="noopener">https://twitter.com/FrancesCook</a>